News Post
Oman to Start Up a 230,000 bpd Refinery in Early 2023
The often-delayed Duqm refinery in southern Oman is now anticipated to begin its operations in the first quarter of 2023, according to the project operator. The 230,000 barrel per day refinery is a 50/50 joint venture between the state owned OQ and Kuwait Petroleum International, known collectively as the Duqm Refinery and Petrochemical Industries Company.
This refinery has been delayed several times in recent years, including a pandemic related delay in April that diminished hopes for a 2022 startup. But recent statements from the operator portray an 87% completion rate for the $7-8 billion dollar project, putting a startup expectation for early 2023 within reach. Once operational, this project will be responsible for the production of mostly diesel, jet fuel, naphtha, and LPG products.
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